Common use of Removal and Appointment of Operator Clause in Contracts

Removal and Appointment of Operator. Lender will, in its reasonable discretion, have the right to approve or disapprove any action taken by Borrowers to appoint, remove or replace the Operator of any of the Properties.

Appears in 2 contracts

Samples: Credit Agreement (Imperial Resources, LLC), Debtor in Possession Credit Agreement (Cygnus Oil & Gas Corp)

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Removal and Appointment of Operator. Lender willshall, in its reasonable discretion, have the right to approve or disapprove any action taken by Borrowers Borrower to resign as Operator of any of the Properties, or to appoint, remove or replace the Operator of any of the Properties.

Appears in 2 contracts

Samples: Credit Agreement (Mallon Resources Corp), Credit Agreement (Black Hills Corp /Sd/)

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Removal and Appointment of Operator. Lender willshall, in its reasonable discretion, have the right to approve or disapprove any action taken by Borrowers Borrower to appoint, remove or replace the Operator of any of the Properties.

Appears in 1 contract

Samples: Credit Agreement (Atp Oil & Gas Corp)

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